IK Investment Partners to invest in APOSAN

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IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement to acquire APOSAN Dr. Künzer GmbH (“APOSAN” or “the Company”), a leading pharmaceutical homecare company in Germany. Financial terms of the transaction are not disclosed.

APOSAN was founded in 1991 by Dr. Clemens Künzer, with the purpose to service homecare patients through the compounding of individualised infusible and injectable medication. Since then, the company has evolved to an integrated full-range pharmaceutical homecare supplier with its own manufacturing capacities and a dedicated key account management and homecare nurses team to generate and support its growing nationwide patient base. The APOSAN group of companies is organised in three main business segments: pharmaceutical homecare, providing services to patients that require long-term infusion to diseases; classical homecare, providing standard enteral nutrition solutions as well as selected standard medical devices; and ophthalmic injectables. Founder Dr. Clemens Künzer will retain a substantial shareholding in the Company. The broad and experienced management team led going forward by Rainer Schmitz as CEO, Michael Schmitz as CSO and Claudia Vitiello as COO will also become shareholders and invest alongside Dr. Künzer and IK. APOSAN is headquartered in Cologne, Germany, and serves over 10,000 patients per year.

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American Securities to acquire Chromaflo Technologies from Arsenal Capital Partners and Nordic Capital

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American Securities LLC, Arsenal Capital Partners, and Nordic Capital Fund VI today announced that American Securities has partnered with management and signed a definitive agreement to acquire Chromaflo Technologies Corp. (“Chromaflo” or the “Company”), a leading producer of proprietary, high-performance colorants and chemical dispersions, from Arsenal Capital Partners and Nordic Capital. The transaction is expected to close in November 2016 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Headquartered in Ashtabula, Ohio, Chromaflo is a leading independent global supplier of colorant systems, chemical and pigment dispersions. With more than eight decades of industry experience in colorant systems and chemical pigment dispersions, the Company’s family of brands includes more than 200 product lines and 7,000 products, serving customers across six continents.

Scott Becker, President and CEO of Chromaflo, said, “We look forward to partnering with American Securities. They are ideally positioned to support our next phase of growth and development as we look to expand our product offerings, geographies, and market reach. American Securities has significant experience in the specialty chemical sector and a broad and experienced team, which will aid in our expansion. We look forward to working with them as we continue to focus on providing highly technical colorant and chemical solutions to our customers and markets.”

Scott M. Wolff, a Managing Director of American Securities, commented, “We believe that Chromaflo’s commitment to product innovation, combined with its experienced and customer-focused management team, positions the Company for continued growth. We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success.”

John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials practice, said, “Through its organic growth and strategic acquisitions, Chromaflo has become the leading global innovator and supplier of colorants and chemical dispersions with broad technologies serving the coatings and thermoset plastics markets.”

Robert Furuhjelm, Partner, NC Advisory Oy, advisor to the Nordic Capital Funds, added, “Nordic Capital Fund VI is proud of the transformation of Chromaflo into a leading global player and has been very pleased with the partnership with Scott Becker and his management team for executing the Company’s growth and acquisition strategy.”

About Chromaflo Technologies
Chromaflo Technologies is a leading independent global supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Headquartered in Ashtabula, Ohio, U.S., Chromaflo has production facilities in the U.S., Canada, The Netherlands, Finland, Australia, China and South Africa. Sales and technical support is also provided throughout North and South America, Europe, Australia, China, India and Southeast Asia. Commitment to excellence is driven by three core values: quality, speed and service.
Discover more at www.chromaflo.com.

About American Securities LLC
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200
million to $2 billion and/or $50 million to $200 million of EBITDA. American Securities and its affiliates have approximately $15 billion under management.
www.american-securities.com

About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation, and works closely with management to accelerate growth by leveraging the firm’s industry focus and operational improvement capabilities. Arsenal currently manages $2.9 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.

About Nordic Capital
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. Nordic Capital currently has EUR 10.5 bn in assets under management. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com.

Contact Information

For Chromaflo Technologies, please contact:
Scott Becker
President and Chief Executive Officer
+1-440-536-9696
sbecker@chromaflo.com

For American Securities, please contact:
Amy Harsch
+1-212-476-8071
aharsch@american-securities.com

For Arsenal Capital Partners, please contact:
Chris Tofalli
Chris Tofalli Public Relations, LLC
+1-914-834-4334
chris@tofallipr.com

For Nordic Capital, please contact:
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
+46 8 440 50 50
katarina.janerud@nordiccapital.com

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Gimv invests in Acceo’s further growth alongside management

GIMV

04-10-2016 07:30

Gimv acquires a c. 60% stake in Acceo next to founder/CEO Stéphane Doré and management. Acceo is an independent French provider of inspection and certification services for buildings, with a focus on areas requiring specialist expertise such as elevator inspections, regulated accessibility audits and energy efficiency audits. Over the coming years, Acceo will be focusing on further profitable growth in France, penetrating new geographical markets and expanding into new business lines.

Founded in 2003, Acceo (www.acceo.eu) is an independent player active in elevator inspection and monitoring services, regulated accessibility audits and energy efficiency audits. The group also has a center of excellence for vertical transportation providing advice for elevator design in new and existing buildings. Its clients are property owners in the commercial or administrative sector (e.g. Unibail Rodamco, BNP, Allianz, EDF, Casino), municipalities or regional authorities, schools and universities, hospitals, social sector organizations, as well as property managers (e.g. Foncia, Citya, Nexity, Square Habitat). Headquartered in Gémenos near Marseille, Acceo operates a commercial network of 17 independently-managed agencies in France, Belgium and Spain. Over the years, the company was able to grow its revenues to EUR 18.4 million in 2015, driven by increasing regulatory requirements for buildings in the areas of safety, accessibility and sustainability. The ambition is to double the company’s size over five years by (i) strengthening its position in France, (ii) further geographical expansion, initially in Belgium and Spain, and (iii) expanding into adjacent services.

Gimv takes a c. 60% stake in the company by acquiring shares previously owned by Ekkio Capital (40%) and by providing partial liquidity to the founder and management.

Thomas Dewever, Partner in Gimv’s Sustainable Cities platform: “Property owners and managers are increasingly confronted with complex technical and administrative requirements to comply with safety and sustainability regulations. Acceo offers independent advice and specialist expertise to deal with these obligations and shoulder the burden for the customers. The company’s professionalism and proximity to its customers has resulted in strong customer loyalty and impressive growth. We are very happy to partner with an ambitious and entrepreneurial management team to build on this track record and continue Acceo’s growth in France and adjacent markets.”

Stéphane Doré, CEO and Founder of Acceo: “We are very happy to have Gimv on board as a partner for this new phase in our development. We have ambitious plans to continue to grow our business in France and abroad. Gimv’s track record as a growth investor together with its European dimension will help us achieve these ambitions over the coming years.”

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CapMan appoints a Real Estate Investment Director in Denmark

CapMan strengthens its Nordic Real Estate team by appointing Peter Gill as Investment Director starting from 1 October 2016. Peter will work from CapMan’s Copenhagen office and will reinforce the real estate transaction capabilities of the team in Denmark.

Peter brings 12 years of experience from advising on and conducting real estate transactions. He joins CapMan from PwC, the multinational professional services network, where he was Director for real estate operations and responsible for transaction services and buy and sell-side mandates. Prior to that he worked for GVA Nybolig Erhverv, a Danish commercial property agent, where he was responsible for international investments.

“We are very pleased to welcome Peter at CapMan and to strengthen our presence in Denmark further. His strong background in real estate transactions on an international scale will support our Nordic focus and value-added approach. He will be an excellent addition to our team,” says Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

For additional information, please contact:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 40 519 0707

Categories: People

CapMan Real Estate sells landmark ‘if’ office building in Northern Stockholm

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CapMan Nordic Real Estate fund has agreed to sell Bergshamra Bro in Solna, Northern Stockholm, to Solnaberg Property AB (publ), a company established by Catella. The price is SEK 858 million.

Bergshamra Bro is a 31,325 square-meter office building in a highly visible location spanning over and alongside the E18 road in Stockholm. The property consists of four interconnecting office buildings and its main tenant is ‘if’ P&C insurance.

“We are very happy to have reached our objective of introducing new long term tenants to the property alongside ‘if’ in order to create full occupancy and a more institutional product. In addition, we are retaining a large piece of land with surface parking on which we are currently working on changing the zoning plan to develop some building rights,” comments Ed Williams, Senior Partner at CapMan Real Estate.

“The strong demand from both private and institutional investors and attractive financing received by the buyer Solnaberg Property AB (publ) underlines CapMan’s very impressive development of the property into a more core product” says Martin Malhotra, the responsible Project Manager at Catella.

CapMan Nordic Real Estate fund invested in Bergshamra Bro in 2014 and this transaction is the fifth exit of the fund. The focus of the €273 million fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013.

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CFO Martin Öhman has left the Handicare Group

Handicare

As part of a huge cost saving and downsizing operation there has been decided to outsource the Kista finance function to a UK shared service center. This has made the position of Mr. Öhman redundant. He was CFO of the business unit Patient Handling.

With the recent purchase of Prism Medical ltd. Handicare seems to concentrate their business on the USA and UK market only. Also the bookkeeping of the Dutch subsidiary Bathroom Safety has been closed from October. Most of finance in Heerhugowaard (Handicare Stairlifts) has also been moved to the UK already.

The Swedish Handicare Group is suffering in a highly competence healthcare market.
Last year the company already divested 60% of the business with the sale of Handicare Mobility to Sunrise Medical.
The company is currently owned by private equity company Nordic Capital.

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Ratos – Magnus Agervald assumes his position as CEO November 14

Ratos

2016-09-29

In accordance with previous announced decision, the Board of Directors has decided to appoint Magnus Agervald as the new CEO of Ratos. Magnus assumes his new position at November 14, 2016.
 

Magnus assumes his new position as CEO of Ratos at November 14, 2016. Magnus Agervald has been President & CEO of the publicly listed Byggmax Group since 2008, prior to which he was a consultant at McKinsey & Company, an Investment Manager at the Nordic private equity firm IDI, and the founder of Icomera, a mobile internet company.

In conjunction with Magnus Agervald assuming his position in November, Acting CEO Lars Johansson will return to his role as Investment Director at Ratos.

For further information, please contact:
Elin Ljung, Head of Corporate Communications, elin.ljung@ratos.se, +46 8 700 17 20

– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-AB-Magnus-Agervald-assumes-his-position-as-CEO-November-14/#sthash.CTzMn1tx.dpuf

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Ardian – RGI Acquires Kapia Solutions

Ardian

Milan, September 29 2016 – RGI a leading provider of software products and technology services to the insurance industry, and a portfolio company of Ardian, today announced the acquisition of a 100% stake in Kapia Solutions SAS, a French competitor which focuses specifically on life insurance.

Kapia Solutions is a leading technology vendor in France in the life insurance industry, as wel as in pension and wealth management, with offices in Paris, Lille and Luxemburg. Know for its unique agility and flexibility, Kapia Solution has built a strong reputation among French insurers. Its expertise has helped it establish succesful partnerships across the industry.

Founded in 1987, RGI specializes in software products for insurance compamies. It offers a range of services aimed at managing products, processes and insurance networks, as well as in activity customization, application maintenance and customer assistance. RGI has a leading position in EMEA region, working with some of the most prominent insurance companies, both in Italy and across Europe. Ardian having acquired a 72% stake in RGI in May 2014, will continue to support RGI’s global growth plans through it’s global network and dedicated team. In 2015 RGI registered more than 55 million euro’s revenues.

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Peter Nilsson appointed as new CEO of Speed Group

2016-09-28

Peter Nilsson has been appointed as the new CEO of Speed Group, a Swedish logistics and staffing services provider. After six years with the company, Catrin Wirfalk has chosen to leave Speed Group to pursue new challenges.
 

Peter Nilsson has extensive experience from senior positions in the logistics industry, most recently as Managing Director of DHL’s Norwegian and Swedish supply chain operations, and previously held various executive positions at Tetra Pak. Peter will assume his new role as CEO of Speed Group in October. Since Ratos’s acquisition, Peter has been a member of Speed Group’s Board of Directors, sharing his extensive expertise from the logistics industry. In July, Ingvar Nilsson took over as Chairman of Speed Group. Ingvar joined the Board from his role as Regional Director for Northern Europe at Schenker and, along with Peter, has strengthened the company’s expertise in the area of logistics.

“Over the past few years, Catrin and her colleagues have successfully developed Speed Group into a leading Swedish company in its market segment. Speed Group’s business model, which combines logistics services and specialised staffing, has given the company a competitive offering in areas which Peter, with his extensive experience, can further develop. We continue to see excellent potential in Speed Group’s business model and strong position in an attractive market niche,” says Henrik Joelsson, Investment Director at Ratos.

Ratos acquired 70% of the shares in Speed Group in 2015. The company’s founder owns the remaining 30%. The company has approximately 1000 employees and sales of SEK 536m for 2015.

For further information, please contact:
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Henrik Joelsson, Investment Director, +46 8 700 17 47

– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-AB-Peter-Nilsson-appointed-as-new-CEO-of-Speed-Group/#sthash.NIvTAqn5.dpuf

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Ratos acquires Plantasjen

Ratos

Ratos has signed an agreement to acquire 100% of the shares in Plantasjen, the Nordic region’s leading chain store for plants and gardening accessories from funds advised by Apax Partners, a leading global private equity advisory firm. The purchase price (equity value) for 100% of the company is approximately NOK 1.2 billion, corresponding to an enterprise value of approximately NOK 2.9 billion.

Plantasjen is the Nordic region’s leading chain for sales of plants and gardening accessories, with a total of 124 stores in Norway, Sweden and Finland, and a primary focus on the consumer segment. The market for plants and gardening accessories is supported by stable growth and underlying positive trends in the form of increased interest in cultivation, plants and interior design. Since its founding in 1986 in Norway, Plantasjen has developed its operations, strengthened its brand and established itself broadly in the Nordic region, and it now holds a leading position in the market. Plantasjen has about 1,200 employees and generated sales of approximately NOK 3.7 billion in the last twelve months leading up to June 2016, with operating profit (EBITDA) of approximately NOK 370m.

“Plantasjen’s leading market position, strong brand and product offering in a market with stable growth is highly attractive. We anticipate continued high potential for increased sales in both current garden centres and the new investments in smaller, more centrally located stores. The company is currently working to sharpen its focus on its range of plant products, in order to meet the increased interest in plants and cultivation, which we consider to be a successful strategy for continued growth in value. Our experience in driving growth in consumer companies, combined with the company’s strong management and ambitious business plan, makes this a particularly interesting investment for Ratos,” explains Lars Johansson, Acting CEO at Ratos.

“The plant industry has considerable potential. Plantasjen’s operations are based on a positive core product that customers and employees cherish and have a genuine interest in. Plantasjen has a strong brand and a broad establishment in the Nordic region, and operates within an attractive market segment where we see considerable development potential to further build on these strengths. Combined with Ratos’s experience, competence and capital, the capacity represented by the leading brand of plants in all channels offers great potential to further strengthen our market position in the Nordic region,” says Jon Abrahamsson Ring, President and CEO of Plantasjen.

Ratos is acquiring 100% of the shares of Plantasjen. The purchase price (equity value) for 100% amounts to approximately NOK 1.2 billion. Based on estimated net debt on completion, the enterprise value for the transaction equals approximately NOK 2.9 billion. The acquisition is subject to approval by the relevant authorities and is expected to be completed in the fourth quarter.

 

For further information, please contact:

Elin Ljung, Head of Corporate Communications at Ratos, +46 8 700 17 20

Lars Johansson, Acting CEO of Ratos, +46 8 700 17 00

Johan Ramsten, Media Relations at Plantasjen, +46 70 971 12 85

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 21 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 16,100 employees.

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